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deadline threatening the u.s. economy. dockworkers at some of the nation's biggest ports could walk off the job this weekend, if a new labor deal isn't reached. as allison worrell reports, a strike could ripple far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different locations, handling different types of cargo, they all agree, a strike would be very bad for business. >> it's really important for the people in our country to recognize, in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the co
, still drifting at this point. >>> america's fastest growing port, you think it is los angeles, maybe new york, think again. savannah, georgia tops the list thanks to exports of chicken feed, a delicacy in asia. the head of the port is up ahead. tracy: maybe he will tell us how to eat those. ashley: no. tracy: outrage over spending bill for superstorm sandy is filled with pet projects in washington, d.c. while people are still devastated by the storm. liz claman on the story. ashley: from chicken to pork. time for stocks now. as we do every 15 minutes we head to the floor of the new york stock exchange, and nicole petallides. the market is literally at a stand till over this fiscal cliff. >> i knew you knew where we were going every 15 minutes, ashley. we have to check in on the markets. you're seeing the dow who haver around the unchanged line, down three points now. tech-heavy nasdaq the worst of the bunch down one half of 1%. app, i'm also watching whether or not the dow will have winning week. we had three straight weeks in a row of gains. if we close right here right now we're all ri
that would hit ports stretching from massachusetts to texas could have a ripple effect on the national and global economy. just days after a west coast port strike was resolved, this new walkout is being threatened by nearly 15,000 longshoremen union members who are upset over wages and royalty payments. the strike would cripple 15 different ports. the union did not answer our calls, but the national retail federation says the walkout would cause a national economic emergency, and urges president obama to use "all means necessary" to prevent a strike. "we thnk the ripple effect would be fairly significant. all the industries that rely on parts, both importers and exporters, manufacturers, farmers, truckers, rail, you name it, all rely on the ports to move the nation's and global commerce." that was jonathan gold, vp of the national retail federation. the current contract expires at midnight on december 29th. lawmakers remain divided today over a deal to avert going over the fiscal cliff. last night, the house passed legislation known as plan b, which raises taxes on americans earning $
to the port of dunkirk. that's what we know as the evacuation of dunkirk. >> before you go any further, when did the british come across the channel into france? >> i think they must have done this, maybe even as early as 1938, or, but certainly after the war in 1939 started. they put the british army next to the french in anticipation of the germans coming. of course, by land through the low lands in belgium. so the british army was there in place. and it was really the best that they had. so the fact that they were pushed to dunkirk and forced to evacuate -- >> which is on the channel. >> is on the channel, was a tremendous blow to the british, and to the french. the british of course had to leave the continent across the channel, and the french were then crippled in defense of paris. part of the problem with the dunkirk evacuation by the british was that the left all their equipment in france. they had no time to take their guns, their tanks, their trucks. so the when the british soldiers ended up in southern england after the evacuation, they really only had uniform's on the backs. >> wh
me free. ( accordion playing ) >> narrator: odessa, ukraine: a port town on the black sea known for its nightlife and its beautiful women. under the old soviet union, it was a center of organized crime. now odessa has become a major hub for the global sex trade. women are lured to the port of odessa from all over the struggling countries of eastern europe with promises of badly- needed work abroad. many are unaware of what the traffickers have in store. the production team has set up cameras here. >> we knew that if we wanted to get inside the story that we had to be in a place where it was so prevalent that everybody would have an example or know people who were trafficked. and that's what brought us ultimately to odessa. >> narrator: frustrated with an inability to chase the traffickers overseas, the ukrainian secret service has given us a tip about a suspected sex trader who regularly brings girls through here. across from the port, on the famous odessa steps, we secretly film as she traffics young women to turkey. we've been asked to call her olga. >> the secret service said
. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a construct
pushing blue-chips into triple-digit gains. right now the dow is up 113 points. >>> workers at the ports of los angeles and long beach are back at work today of an eight-day strike crippled one of the nation's busiest ports. the announcement came from the mayor of los angeles who joined federal negotiators to negotiate a deal between the employees and portfolio managerment. mayor villaraigosa will be a guest on fox business. >>> elizabeth murdoch died, mother of rupert murdoch. she was considered one of australia's most generous philanthropists donating money to more than 100 charities. dame elizabeth murdoch was 100 years old. that is the latest from the fox business network, giving you the power to prosper. lori: as republicans and democrats continue the back and forth over the fiscal cliff one thing they're already losing is the confidence the american people. look at this. just four in 10 americans believe washington will reach a deal by year's end to avert the fiscal cliff but nearly half do not think they will. that is according to this new poll released by the pew research center.
bertha. >> good evening. hopefully it will be averted. the director of the port authority is encouraging the authorities and passengers and cargo airlines to work together and resolve their differences. they want more training and better equipment. the port authority says a strike would be disruptive. and software sales rose 17%. results suggest that it hasn't crimped it spending. and a sweet story about a honeymoon at the waldorf astoria 60 years ago. the hotel honors an veries if you have your receive. he and his wife thought it would be nice to have pancakes for breakfast. but the pancakes were at the 2012 rate which is $24 for room service. $21 for the room, $24 for the breakfast. larry, everything goes up, and this was the second time they did it this year. they had a couple that paid $16.80. >> plus the pancakes. but that is a far cry from the pensional suite which is $8,000 a night. >> the nation still looking for answers after the newtown shootings. right now more information about this mass killer. we are about to talk about all of this with two former fbi profiling experts. tha
port, which is an ancient port in greece and one of the most important ports in the southern mediterranean. what they did was they basically took an operation that had been effectively lagging under greek ownership and completely turned it around. > > have the the greek people been welcoming of this? the chinese work way is much different from the european way, let's say. > > the chinese have an extremely efficient working practice. as one spokesman there put it to me, they basically run their business by showing that they work 24/7, that has actually rung alarm bells, though, among a number of greek workers, particularly unionized workers, reporting that they believe that this chinese company is basically bringing chinese third-world labor standards to greece and really to europe. > > i'm curious about that. how does that work with wages for instance? > > the company, cosco, took pains to try to integrate itself here in greece, to show that they were not an invader and to try to persuade greeks that they were not coming in here to basically sort of lower working standards in
bullish going forward. back to you. melissa: thank you. a strikeout the nations busiest port complex. costing the nation a billion dollars a day. the port of long beach director joins us just ahead. lori: let's see how the dollar is trading. it is a weaker dollar with big euro pushing up to 130. the dollar weaker, really, across the board. we will be back with more after this. ♪ twins. i didn't see them coming. i hai need to rethink the oblco of my portfolio.atio. what i reallneed is sleep. introducing the ishares core, buildi blocks for the hearof your portfoli find out why 9 out of 10 large professional investors chse ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. he's going to apply testosterone to his underarm. axiron, e only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is nofor use in women or anyone younger than 18. axiron can transfet
billion worth of damage to rail subway and port infrastructure in their state. they testified on surface transportation yesterday. >> i call this hearing to order. thank you for joining us, mr. secretary. i asked you to testify today because i'm deeply concerned about the recent report that the f.h.a. could potentially need taxpayer support for the first time in its 78-year history. i would like you to help the committee gain insight into the fiscal challenges at the f.h.a. and what h.u.d. has done and can do to mitigate losses and address the shortfall in the capital reserve ratio. f.h.a. has been helping save lives of the mortgage market by ensuring that qualified lower to moderate income and first time home buyers have access to credit since 1934. since the beginning of the financial crisis, the f.h.a. has increased its market share from below 5% in 2006 to about 30% at its peak volume in 2009, in pursuant of that mission. this cyclical expansion was essential to the mortgage market, especially for first time home buyers who have comprised 78% of single family loans insured by f.h.a.
. > larry, thanks for coming on the show. have a good day. the largest shipping port in the nation that has been shut down by a strike for days could be closer to re-opening. union workers and ship-owners are meeting with a federal mediator. the walkout by 800 office clerical workers started november 27th against shipping lines and terminal owners. the office workers have been without a contract since june of 2010. they were joined on the picket lines in l.a. and long beach by dockworkers and truckers, bringing business to a standstill at those ports. shipping companies say the employees have been offered job security, along with generous wage and pension increases. workers contend their jobs are being shipped overseas. "we're not asking for money, we are asking for jobs, and most peopls are saying you are being greedy. no, that's not the whole point." the mayor of l.a. says the strike is costing the local economy billions of dollars per week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no dea
,000 in gifts. now the audit says it may violate state and federal laws. $50,000 in expenses may expose the port to tax liabilities. the audit details more than $19,400,000 in questionable port expensions that included a cons-- expenses that included a consered. card spending limits -- concert. card spending limits are too high. management's response, they don't have enough resources for stricter review. >> it is something we take seriously and are not going to close our eyes to. >> reporter: also today they announced the retirement of its director. they have reimbursed the port $5,400 for money spent at strip clubs. one in houston and a second club in minneapolis. it is a strip club and not an inexpensive one. coming up tonight at 6:00 p.m., why receipts we found at a karaoke bar are not part of this report. noelle walker, ktvu channel 2 news. . >>> pedestrian in san francisco was killed today. he was walking long market street and crossing about 2:30 p.m. this afternoon when it happened. a witness saw a white dodge ram hit the man and drove away. police stopped the driver. there is word the dr
situation. the puellab tribe, the port and city of tacoma and others all had a difficult dispute going on. the end result was the second largest native american land claim settlement in u.s. history. and the deal led to tremendous economic growth for the tribe, for the port, and for the surrounding communities. senator inouye, as i said, was the chairman of the select committee on indian affairs in 1980 when the puelab tribe successfully sued to assert its claim for land around its reservation, and this land included the port of tacoma, many parts of downtown tacoma, the towns of fife and puelab. and because of his strong commitment to native american rights, the puelab trusted senator inouye to serve as an intermediary between the parties involved in the negotiations and to try to resolve this dispute. he made around a dozen trips to washington state at key moments of this negotiations. if you can imagine a senator who has to represent his state, be a leader on the appropriations committee, would spend so much time on one particular dispute. during one session at a tacoma hotel, senator
strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen
company. the tanker left a port in northern norway early last month. it then sailed through the arctic ocean along the russian coast and through the bearing strait. the route opened up as ice melted due to global warming. the distance is two-thirds that of the regular path which passes through the suez canal in egypt. the arctic route will enable japan to increase it's lgm imports and diversify it's lgm imports, cutting the energy dependence on the middle east, but challenges remain, including cost problems. it have russian government is making it a requirement for tankers that follow that route to use russian ice breakers. it's not only natural gas, the japanese are looking to other energy sources to replace nuclear power after last year's nuclear disaster. an exhibition featuring the latest using solar powered technology has begun near tokyo. about 200 companies are taking part from japan, china and germany and several other countries. demand is growing in japan has power companies are now required to purchase renewable energy. but japanese solar makers lag behind overseas competitor
of the export numbers here. the exports came in at 9% growth. but that was supposed to be a slowdown. tim port numbers came in at zero growth and a lot of people were expecting to see an easing of 2% growth. so the figures that came out really were underscoring people's concerns, especially in the manufacturing sector about the health of the growth demand, specifically to europe as well as to the united states. so the shipments to the u.s. looks pretty bag. they clocked negative growth. this is very rare. and the shipments to europe were even worse. we saw shipments to europe fall by 18% year on year. this is the worst performance that we saw in three years. so overall, peek are quite concerned about the fiscal cliff, they're worried about whether or not the countries in those parts of the world will continue to by chinese aid goods. if you look at those figures in isolation would show a negative picture. however, if you look on the other side, there are some other numbers that were offsetting those trade data figures. we had the factory overput figures over the weekend. retail sales numbers c
shipping port are over, but concerns of outsourcing persist. last week, striking workers protested that their jobs were being outsourced. employers denied sending jobs abroad. however, there is evidence that some industries are ramping up outsourcing. consulting firm the hackett group estimates since 2002, 663,000 jobs from large u.s. companies have gone abroad, mainly from industries like information technology, human resources, finance and purchasing. by 2016, the firm says another 375,000 jobs will have gone to places such as india, china, mexico and the philippines. just one day after apple reveals it will manufacture some of its products in the u.s., foxconn says it may follow suit. foxconn, apple's primary manufacturer in china, says it is considering expanding its operations in the u.s., where it currently has two factories. foxconn has seen its image suffer of late following revelations that workers are subjected to poor working conditions and mandatory overtime at factories in china. the company says expanding its american operations is part of a long-term global expnasion
-spki count i thegio the. pierre-etienne la porte is the director of a government-run research organization called the french language council. translator: one has to keep in mind that quebec is in a very special situation as a result of its proximity to the american giant. from a geo-linguistic perspective, english has an influential presence here, because we are deeply integrated into american civilition, which is the civilization that surroundss. narrator: nearly half of quebec's seven million people live in the city of montreal, and it is here that the battle between french and english is most heated. the québécois recognize that protecting language is the most effective means of preserving culture. to help get protection from english, the quebec government turns to the federal government. historically, it was montreal's english-speaking minority who held theconomic we inhe province. although this community was only one-quarter of the population of montreal, the language used in business and commerce, and on many public signs, was english. but signs like this one are now a relic of th
's port town on the indian ocean. she met with the president to discuss the $50 billion u.s. dollar project which includes a deep seaport and power plants. it was the first visit by a thai prime minister since the two countries signed a memorandum of understanding in 2008 to develop the area. >> translator: by april of next year, clearer details should be available, and we should also be able it to invite investors to join the prakt. >> the dawei project is set to become the major access point connecting the indian on or about ocean to the south china he sea. it should be a new trading route for thailand and for myanmar a gateway for foreign investment. the project gained extra attention since myanmar launched the open door policy along with economic and credit reforms. >>> land mines and unexploded ordinane ordnance is the danger of war. we have the story. >> a small village in eastern afghanistan mourns the loss of its children. on monday the bodies of 11 girls, aged between 9 and 11 years old, were laid to rest. >> translator: the girls were trying to collect firewood outside the
. they failed to register with the authorities, but the workers say they cannot afford it. from this port town, which got reports. >> living in crushing policy committee living in crushing poverty with no prospect of work -- living in crushing pov erty, she has left. >> today that dream is over. >> she works at a fish cannery south of bangkok, making $270 a month. she paid off her debt to the one who ranger job, but had to take out -- who arranged her job. now there is the possibility should be deported. she could not afford the fees to have the application process done, and it has been extended six times. according to the author of a study on migrant workers in thailand, now that it is being held -- >> there will be open season on migrants. everyone of these deadlines, the way the policy works, who is accompanied by a crackdown. >> it usually comes with payoffs to the police. but the thailand government says this time will be different. the labor minister says there is corruption but when the new administration will limit the opportunity for extortion. >> i cannot tell you 100 percent that it
dollars a day. anna werner is in houston at one of the ports that could be facing a walkout. good morning. >> reporter: good morning, rebecca and jeff. yes. there are two days to go before the strike deadline. they're at an impasse. at issue is pay for those working in the ports. but if it doesn't get resolved, the consequence could be a devastated impact on the economy. as the rest of the country focuses on the gridlock in houston, many are working overtime trying to get as many shipments out as they can before it comes to a standstill. the vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global economy. >> the ports are a primary piece of the global supply chain. if they're not operating efficiently, it slows down the system and hurts everything using the system. >> reporter: negotiations between the international longshore men union and the shipping companies are deadlocked. a shutdown would affect 15 points from boston down the east coast of florida and into the gulf of mexico as far west as houston. these ports handle nea
of a diversified port feel yportfolio. the wil willy mays and micky mas they don't drop and they are higher in spice. steiners is a sports collectible company. he built the company. >> you are in the business ofse. how much does dirt sell for. >> dirt can sell from t. we have football stadiums and i'm a big fantastic of it. steiner has sold over 25 million of game used dirt and his goal is to sell 100 million. investors home to see their collectibles rise in value because forgery is the industries dirty business. with all of the money printing in washington and inflation creeping up. some say it's smart to holding collectibles to your lineup to stay in the game. >> we need to gis distinguishbed investments. and some of these can be rewarding particularly if we see higher inflation in the years to come. >> you can easily unload yourb u can for a stock or bond. there will be a healthy demand for the yankee slugger that built the house but now houses the dirt. babe ruth went for record prices. >> he is the face of baseballanp in time. >> not to mention a good facef . john stocks would
: a strike that ships down most of the los angeles and long beach port complex for a lot of crucial ships entering the 7th day. it is a serious cause for alarm as in "santa claus." the longer it stays on the ship the less likely it lands on santa's sleigh. explain this. >>guest: right our biggest concern is we have ports shut down. a majority of the holiday merchandise has arrived in the united states right now there is the last big push to get the holiday merchandise to the stores and they are stuck on ships at sea. >>neil: if you don't follow this stuff, if this age of time inventory, retailers do not stack a lost stuff on their shelves, to save money and, also, to respond quickly to what is selling hot and what is not and a lot of this stuff on the ships is pretty hot, what could be affected for people. >>guest: it can be everything from wearing apparel, and consumer electronics, and foot wear, and home goods and folks are actually looking at bringing in spring merchandise so you are looking at patio furniture. >>neil: what would happen to the prices of those goods, then, if they are i
port for which he was unlikely around the world ambassador. the document raised eye brows at start of the journey, once it bore an expressive they stamped without suspicious. he arrived back in shanghai two years after the day that i set out with my passport, no visa, a broken down old bicycle and twenty dollars. he fulfilled the promise to continue to make a full global circle on the same motorcycle. so there you have it. a very, very small sample of the unusual people who have somehow found necessary to go around the world. very different reasons. so thank you. and any questions? [applause] >> when i heard about your book or heard about circumnavigating i think of people heading out east or west. are there any tails of people going -- tales of people going north or south? >> yes, thank you. a circumnavigation has a classic circumnavigation has one unusual element. it's the only form of time travel ever been proven to exist. as you go around east or west you gain or lose a day, right. so if you go over the poles you don't lose a day. there isn't the time travel. to honor that dist
, philadelphia, charleston, and other ports. this was the original tea party movement. it was not patriotic. it was not pretty or glorious. the furry climaxed thursday, december 16th, 1773, just before kris christmas, and the dumping of a million dollars worth of british tea. the people who dumped them amounted to about six or seven dozen men, nobody knows exactly how many were there. it was dark. many disguised themselves as indians. ironically, the white colonist who slaughtered indians on site, disguised themselves as indians baa they regarded them as a symbol of freedom. this unleashed a social, political, and economic upheaval they would never again be able to control. the tea party provoked a reign of terror in boston and other american cities with american inflicting unimaginable bar bareties on each other. they dumped ships, boston staged a second tea party a few months after the first one. the mobs showed no dissent, burning homes of anyone they suspected of favoring british rule and sent their dreaded imitation of the inacquisition coach to the doors of citizens who dared voice su
force. >> 30-day contract extension agreed to by the long shoreman shipman and port operators friday temporarily averts a shutdown of the 14 ports from massachusetts to texas. 14,000 long shoremen still find their jobs threatened by out automation. today it takes one long shoreman to do the works of three we have seen before. >> efficiency and new productivity, machines come in play. people are displaced by that. to maintain cost and come pettive market we have to pay attention to. president obama is beholden to unions. he's made a point of supporting them. >> look at how the unions built the stronger middle class and stronger america. >> day after that, michigan became the 24 state to pass right to worklaugh. the president option to reward unions are limited. >> we'll expect the leadership from president obama. >> more than 5700 new regulations posted in 90 days alone. >> way to do it from the union per speculative to raise the workers' pay around the world. >> laying the ground work to protect workers from detroit to juarez to shanghai to bogata. getting the government and multinat
to wow savings from banks. >>> and dock workers that we talked at four pacific northwest ports have moved closer to a possible labor clash with grain shippers. meantime, the parties in a larger separate dispute at 15 east and gulf coast ports have agreed to mediation. the ports face a strike deadline set for december 30. >>> and a new jersey pension fund is suing the nyse euro next or its proposed $ 8.2 billion sale to i.c.e., saying it undervalues the company stock. the lawsuit seeks class action status on behalf of other shareholders and aims to block the sale. another case of just -- you know, too many lawyers, too little to do. >>> and -- or not. i'm just -- we should put commentary on that. shouldn't we? but every time any deal is announced, there's always going to be some shareholders that wish they got more. and there's going to be a willing lawyer to say, okay, i'll take the case. >> pretty healthy premium. >> yeah. exactly. but that doesn't mean a lawyer -- >> it may not be enough. >> it's never enough. if you're going to wear a brioni tie. nice. did i out you? >> why, are those
get to your calls. this is the lead story in the "l.a. times" class morning. port strike part of a bigger fight. the eight-day strike that crippled one of the world's busiest ports reflected a clash that is playing out across the global shipping industry as ports and their unionized work forces gird for an era of briskly expanding foreign trade. the strike that shut down the ports of los angeles and long beach paralleled the generational skirmishes that have ripped through factory shops. cargo companies and ports want to cut costs and automate operations to compete with aggressive rivals in canada and south america. that is pitting them against unions, which are struggling to reserve high-paying jobs for the middle-class members. it was resolved late tuesday, according to this article. here is the front page of the press." feet frefree state says detroit out of time to fix its fiscal mess. falling revenues and rising expenses. the state of michigan delivered an abrupt ultimatum to the city wednesday. move quickly toward reform, or an emergency financial manager will be reporte
issues like liquidity. >>> and a strike at the port in long beach could cost the u.s. economy $1 billion a day. more details when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ember 22nd for christmas delivery. >>> you'euro slightly firmer agt the dollar. this is bank of france governor says the city of london should no longer be the main trading hub. is he whis links in tling in th is it doable? >> i think if you look at the figures they speak for themselves. at the moment 40% is actually this london compared to maybe 3% in france, 2% in germany, and it's not just that london dominates, but that the long term trend is actually away from france and germany and towards london. so a tough challenge for the ecb. >> so even if eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just abou
of the ports of los angeles and long beach. striking clerical workers and longshoremen who refuse to cross picket lines will be back on the job later. shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> a recap of the headlines. the fiscal fight rages on in washington as republicans try to fend off an internal divide. shanghai stocks jump after china's government plengs to support pro-growth economic r
: no intervention by the white house as ports in l.a. and long beach shut. dennis: the mighty mississippi, jeff flock on the river. >> dennis, they want intervention from the white house on this. look at the mississippi. we are live on the mississippi. dangerously low water levels. can washington help? we'll answer the question when we come back. stand by. ♪ twins. i didn't e them coming. i have obligations. cute obligations, b obligatio. i need to rethink the core of portfio. what i really need is sleep. introducing the ishares core, building blocks for the het of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishararesor a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully fore investing risk includes possible loss of principal. >> 23 minutes past the hour, i'm heather nauert with the fox news minute. protesters breakthrough police lines, and protest near the presidential palace in cairo. sources telling us that president morsi left the palace fol
,s that actually have a much happier ending. there is a deal to end the eight-day los angeles port strike. striking harbor clerks reached a tentative settlement with management with the ports of los angeles in long beach last night. that strike idled most of america's strongest cargo complex. i think the strike originally started on november 27th. if you think it's not a big deal, there's a billion dollars in goods that goes through this port every single day. it's the largest port in the united states and it was affecting not only that port and all of the ships that had been sitting out waiting to get in with those goods. also truckers who come in and bring those good across america. they had been idled, too. it looks like the port is going to be open once again today. >>> also today is expected to be a big day of protests in egypt. this is video that you're looking at right now from cairo's tahrir square earlier this morning. things were quiet when this video was taken, but expected to be much different later on. television stations across the country planned to go dark today, joining a growing l
cormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that. >> caller: what do you think about american axle? you recommended that a few months ago, are you still hot on it? >> yes, i am. i think that is absolutely terrific. it's going to be big, the trucks port is going to be big. i like it. i want to own it. now let's go to emile in new york. emile? >> caller: hi, jim, how are you doing? >> couldn't be better. how about you, partner? >> caller: doing great. what are your thoughts on a long position in tdg for the upcoming year? >> oh, man, come on, aerospace, i love it. the stock is up 50%. >> buy, buy, buy! >> i think it's a terrific stock and i want you to own it, particularly if it gets any weakness. i want you to buy, buy, buy. and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade. >>> coming up -- waiting for washington to rise above? get your portfolio prepared for whatever happens call, tweet, or e-mail and find your way to the latest edition of "am i d
it is in the same spot as kind of the often chept port. -- the ancient port. you know, this is always the place where the international links have been made. >> host: andrew blum, when were these undersea cables that you referred to laid? and by whom? >> guest: well, there have been telegraph cables across z the atlantic for 150 years now. the current generation which depending on how you count whether you say individual strands or cable systems, there are about eight or or ten or some say twelve of them across the atlantic. the current generation was all laid since the broadband boom in the mid '90s in the -- i think the first one was finished in '97 until about 2002 when the last one was completed, and they're owned by a few different kinds of companies. they're owned either by very large backbone companies like level three you mentioned. they're owned by consortia of telecoms, verizon joining with british telecom joining with deutsche telecom perhaps. or a couple of them now are owned by kind of boutique companies that only own cables across the atlantic. i'm thinking in particular of the ca
, ports. and they did over a week. at first they thought they might get 10,000 or 12,000 out. then every sail boat, yacht, everything that could float was sent over and they got more than 200,000 british troops off and 130,000 french. i found it interesting that several thousand french troops, maybe 10 or 20, chose not to go. they thought the war is over, we lost and they went home back to their farms. how they fared no one knows. host: whether was your reaction in great britain to dunkirk? guest: churchill -- and churchill did this -- he made a defeat sound as if it was the ost heroic -- and he saeid evacuations, retreats are not victories, he was clear on this. but the way he said it made dunkirk sound like a heroic victory. and the british people came away saying, well, if we can do that, we can bloody well whip the hun. well, they had it backwards. they were running, swimming literally, home without their weapons, without their tanks and jeeps -- they didn't have generals then but trucks and rifles. they came back soaking wet with no weapons and church ill is telling the paoeeople th
ports from massachusetts to texas. >>> stock prices have doubled since march '09 and that hasn't stopped american investors from selling stocks five gleers a row. an associated press analysis shows individual investors have pulled at least $380 billion u.s. stock funds from april 2007 and it's the first time ordinary investors have sold during a bull market since world war ii. >>> mortgage rates headed down last week according to freddie mac. the 30-year fixed rate average was 3.35%, just 0.04% from the 40-year lowest on record since 1971. the average on 30-year fixed rates was 3.66%, the lowest in 65 years. michelle, it seems like a good time to buy. >> yeah, maybe. >> thank you, seema, if you can get the loan. >>> why when we just upgraded their trade status in we're about to get answers from a russian expert just ahead. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. report. i'm michelle caruso-cabrera. >> gun
of this possible missile launch. the maritime sdf vessel carrying pac-3 missile interceptors has left its home port in hiroshima bound for okinawa. the pac-3 surface-to-air missiles are capable of shooting down debris should it come near the ground. the interceptors will be placed at several sites in okinawa. defense ministry officials expect the missile's flight path could take it over the islands of okinawa. commanders say they'll deploy aegis cruisers in those waters. they say they would only react if debris from a missile fell over japanese territory. >>> investigators are trying to understand why a highway tunnel near tokyo collapsed. panels on the tunnel's ceiling gave way, trapping people inside. nine people were killed. the accident happened sunday morning along a highway connecting tokyo to other parts of central japan. operators say bolts holding up concrete panels on the ceiling may have been defective. the operators say more than 300 panels suddenly fell. the debris covered a distance of more than 100 meters. the tunnel itself runs almost five kilometers. three vehicles were trapped ins
the school exactly where it was in indiana, we did smart things in terms of rebuilding a port that was smarter than there was before. first and foremost, we have to find ways to not stand in the way of the smart decisions but to encourage them. with whatever money we have, that will allow the money to go farther and be smarter. a second, and you will see what we provide our supplemental request, you will see that we propose to invest in mitigation. we know from studies that for about every dollar that we invest in mitigation, we get $4 back in avoided costs over time. that is something we have to recognize as we go in. the federal government investing in these, and making a specific part of this proposal in each of the areas will be important. i would hope parted the reason the president asked me to do this, i've worked in the private sector in new york and new jersey. behooved there is a real potential here -- there is a real potential here. if we are avoiding future costs, avoiding private sector costs in the future, there should be a way to capitalize the benefits in the fu
and roosevelt gave it to him and named him the first ambassador, the first irish catholic ambassador to the port of saint james to great britain and was one of the worst decisions that roosevelt had ever made but he somehow believed he could keep kennedy in check, but he couldn't. he couldn't. kennedy was to men when he talked to his children he was a cheerleader, she was on optimist -- he was an optimist in the relationship into the 20th century, she was a having made his pile of money, he was convinced that it was going to be taken from him. he was convinced that democracy and capitalism would be taken from the united states. if the end united states entered the war, entered world war ii on behalf of the british. nothing was more important to him than making sure that there was no war and then keeping the united states out of the war and he did everything he possibly could. he violated critical. he didn't follow orders. he met secretly with german diplomats to be that he was convinced that as a businessman, she knew how to negotiate a deal, and that if he were put into a room with hitler, the
issues as they relate particularly to our ports, because she is known for her work with the port of long beach and i have ports in my district as well. and will be missed on the women's softball team. we are friends here. we are colleagues here. we bring our human qualities. and we bring our leadership skills. and the california delegation makes me proud every day and in the next congress, it will be the memories and the service that has been given to us from these colleagues of ours. and that's why i thank you, mr. miller, for setting aside this hour for us to share our thoughts. >> i saw that andrew and hunter are here. the stark kids. i would like to yield to congresswoman barbara lee. ms. lee: thank you very much. and i want to thank you, congressman miller, for organizing this special order tonight. first to congressman pete stark, who is our departing dean of the california delegation, congressman stark represents a district right next door to my district in the east bay of california, northern california. i just have to say, i have known congressman stark since i was the president
. >> susie: thas "nightly business port" r weesday, decber 19 have a great evening everyone, and you too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
was there was a coastal port, a major fortification, the allies needed to resupply their forces and needed the harbor. the only problem was there was another gun issue. like pointe du hoc it was a suicide mission. the battery, the grass battery, as many people called it, had massive battle should sized guns that were buried most of the entire fortress was buried underground, picture kind of a four story building fortress that had been buried underground. there were elevator's going down, there was an entire hospital, mess hall, everything. to the naked eye, you look across a farmer's field and all you see is a tiny little pillbox, that was the battery and for months the men of "dog company" tried to find that battery and take it. that was their objective. the guns were devastating. they fought on hill's 63 in the men described to me how the shells came over like freight trains. the shells could destroy an entire hedgerow, small mound of earth and barry men alive and that is exactly what happened. a fox for several weeks in this place and what is amazing is a small team of four men, known as the fabul
con. he called it -- lincoln. he called it land improvements. he meant ports and railroads at the time. public infrastructure is always the public's responsibility. so the question is never whether or not you're going to do it, you have to do it. the question is when does it make most sense? i would submit to you that it makes most sense today. why? because money is as cheap as it's ever going to be. every municipal government throughout this country borrows money by issuing debt bonds to underwrite the cost of building new frals. we -- infrastructure. we could be borrowing money today for about 1%. labor is cheap, equipment is cheap, because both are idling. and we clearly need the infrastructure investment. final thought on this? transportation for america, a not-for-profit organization, identifies 69,000 structurally deficient bridges in this nation. there's over 2,000 structurally deficient bridges in my state of new york. and in western new york we have 99 structurally deficient bridges. every second of every day seven cars drive on a bridge that is structurally deficient. we saw
water port on the east coast. we are planning to take full advantage of the panama canal, the changes there coming soon. which gives us the ability to bring commerce into virginia. we are aggressively building our rail system. going from the port of virginia west to try to get that traffic out west. we are -- just announced that we are building another highway. it will be a toll access highway. but one of the primary purposes of that highway is to bring truck traffic from the port of virginia inland. and connect it directly with interstate 95. and so that will help us again through the commerce side of the equation to bring in new commerce and the commonwealth of virginia. i'm going to mention something that's been a little bit taboo as of late. the governor is not ashamed of it as all. as a matter of fact we've taken full advantage of it. and it was discussed earlier, that's incentives to business. the governor has put significant additional resources into our virginia economic development partnership. both funds that he has at his disposal to incentivize and encourage business to co
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